While Japan is one of the more advanced economies in embracing real world asset (RWA) tokenization, most transactions settle using bank transfers. To achieve delivery versus payment settlement, Daiwa Securities and SBI Securities plan to settle secondary transactions on the Osaka Digital Exchange (ODX) using SBI Shinsei Bank tokens on the DCJPY tokenized deposit solution.
The initiative is led by BOOSTRY, the tokenization firm founded by Nomura that operates ibet for Fin, the second most popular Japanese tokenization platform. So it is security token transactions on ibet for Fin that will be settled using DCJPY via an integration between the two platforms. The design phase involved simulating transactions from August 2025, with plans to proceed to live transactions as part of the proof of concept (PoC).
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